Rankings Software, cloud & internet Take-Two
Take-Two
77
15070100
A view of the same findings, not a new score. How it works
In the 70+ zone: a score above 70 with more than 20% upside to the median analyst target.
Biggest deductions
- Margin−6
- Single-title risk (GTA VI)−6
- Capital allocation−4
Strengths
- Pricing power+2
- Guidance met and beaten+1
How the score is built
From 100 to 77, step by step: points off for the business, the price and the cracks, back for documented strengths, then three data adjustments.
Start
Score
Hover or select a step to see what drove it. Steps with findings open them below.
Key numbers
As of 2 Nov 2026. Analyst targets tend to be optimistic; read upside as a hint, not a forecast.
- Price
- 192.10 USD
- Median analyst target
- 289.50 USD
- Upside to median
- +50.7%
- Analysts
- 28
- Target range
- 170.00 – 330.00 USD
- 52-week change
- −25%
- P/E (trailing)
- n/a
- Forward P/E
- 23.1
- PEG
- 0.89
Findings
Every deduction and every plus, with its source. Open a step to read them.
Business
Is the company getting stronger, not just bigger? · 3 findings−13 of −30
- −6MarginGAAP operating margin −1.4% (TTM) after −9 to −11% in FY2023–FY2025; net income −USD 320m TTM, and the FCF margin is only 4.5%. The company has not made money after tax since FY2022.
- −3Quality of growthRevenue was flat at USD 5.35bn in FY2023–FY2024 and grew only to 5.63bn in FY2025; mobile (Zynga) makes up half of revenue, and the expected growth of 28% in FY2027 comes almost entirely from one title (GTA VI).
- −4Capital allocationThe Zynga acquisition (2022) has led to writedowns of USD 3.0bn in FY2024 and 3.8bn in FY2025; the company issued shares for USD 1.25bn in FY2026, and the share count has risen 4.5% in a year.
Price
Today's multiples against the company's own history and its peers. · 2 findings−7 of −35
- −3Multiples vs own historyForward P/E 24.7 vs 24.5–46.7 in FY2022–FY2026 (low end), but P/S 5.7 vs 3.8–6.5 and P/B 10.5 vs 2.2–17.1; the price assumes that adjusted EPS rises from 4.10 to 10.29 USD in two years.
- −4FCF yieldFCF yield 0.8% (P/FCF 127, EV/EBITDA 51); even with GTA VI, FCF must multiply before the stock is cheap on cash flow.
Cracks
Cash flow, customers, debt, insiders, guidance and what sits behind the headline numbers. · 3 findings−10 of −35
- −6Single-title risk (GTA VI)GTA VI has been delayed several times (from autumn 2025 to 19 Nov 2026); the stock fell 6.7% on 31 Aug on a Forbes report of a possible long delay of GTA Online and leaked footage, and the price is about 24% below the July peak of USD 266.
- −2Earnings qualityShare-based pay of USD 379m (TTM) is larger than the whole FCF of USD 299m; the gap between GAAP EPS (−USD 1.73) and adjusted EPS (about USD 4) is unusually large.
- −2DebtNet debt USD 1.1bn, debt/EBITDA 3.5 and negative interest cover (−0.65) on a GAAP basis; current ratio only 1.06.
Plus
Only documented strengths. · 2 findings+3 of +15
- +2Pricing powerAbout 4.6m pre-orders of GTA VI, of which about 90% have chosen the ultimate edition at USD 100.
- +1Guidance met and beatenQ1 FY2027 net bookings of 1.39bn USD were above guidance, and FY2027 guidance of 8.0–8.2bn USD (approx. +20%) was reiterated with high confidence in the launch date.
Caveats
What the score does not capture, or where the data is weak.
Take-Two Interactive (TTWO, Nasdaq). Fiscal year ends 31 March; FY2027 = April 2026–March 2027. GAAP figures are loss-making due to amortisation and write-downs from the Zynga acquisition and large share-based pay, while analysts' EPS is adjusted; forward P/E is therefore based on non-GAAP. The whole investment case depends on GTA VI (launch 19 Nov. 2026), which has not yet been released. Scored before the Q2 report (about 5 Nov.). Games do not fit the industry list; 'Software, cloud & internet' is chosen as the closest.
Also in Software, cloud & internet
The highest scores in the same industry.
